Common use of TERMINATION OF THIS SECURITY AGREEMENT Clause in Contracts

TERMINATION OF THIS SECURITY AGREEMENT. Subject to Section 10 hereof, this Security Agreement shall automatically terminate upon the payment and performance in full of the Secured Obligations. Upon the termination of this Agreement, the Grantor is authorized to file such termination statements or other instruments it deems reasonably necessary to evidence the termination of the security interest granted pursuant to this Security Agreement and the Secured Party agrees to cooperate with such reasonable requests as the Grantor may make in connection therewith.

Appears in 1 contract

Samples: Security Agreement (Vector Ventures Corp.)

AutoNDA by SimpleDocs

TERMINATION OF THIS SECURITY AGREEMENT. Subject to Section 10 hereof, this Security Agreement shall automatically terminate upon the payment and performance in full of the Secured Obligations. Upon the termination of this Agreement, the each Grantor is authorized to file such termination statements or other instruments it deems reasonably necessary to evidence the termination of the security interest granted pursuant to this Security Agreement and the Secured Party agrees Parties agree to cooperate with such reasonable requests as the each Grantor may make in connection therewith.

Appears in 1 contract

Samples: Security Agreement (Bioject Medical Technologies Inc)

TERMINATION OF THIS SECURITY AGREEMENT. Subject to Section 10 9 hereof, this Security Agreement shall automatically terminate upon the payment and performance in full of the Secured Obligations. Upon the termination of this Agreement, the Obligations (other than inchoate indemnity obligations) and Secured Party shall immediately thereafter execute and deliver to Grantor is authorized to file such termination statements or other instruments it deems documents as shall be reasonably necessary to evidence the termination of the security reconvey to Grantor any interest granted pursuant to this Security Agreement and the Secured Party agrees to cooperate with such reasonable requests as may have in the Grantor may make in connection therewithCollateral.

Appears in 1 contract

Samples: Security Agreement (Cardica Inc)

TERMINATION OF THIS SECURITY AGREEMENT. Subject to Section 10 hereof, this Security Agreement shall automatically terminate upon the payment and performance in full of the Secured Obligations. Upon the termination of this Agreement, the each Grantor is authorized to file such termination statements or other instruments it deems reasonably necessary to evidence the termination of the security interest granted pursuant to this Security Agreement and the Secured Party agrees agree to cooperate with such reasonable requests as the each Grantor may make in connection therewith.

Appears in 1 contract

Samples: Security Agreement (Platinum Research Organization, Inc.)

TERMINATION OF THIS SECURITY AGREEMENT. Subject to Section 10 hereof, this Security Agreement shall automatically terminate upon the payment and performance in full of the Secured Obligations, at which time all rights to the Collateral shall revert to Grantor and to any other secured parties with rights to the Collateral equal or subordinate to the rights of Secured Party. Upon the termination of this Agreementsuch a termination, the Grantor is authorized to file such termination statements or other instruments it deems reasonably necessary to evidence the termination of the security interest granted pursuant to this Security Agreement and the Secured Party agrees shall, at Grantor's sole expense, execute and deliver to cooperate with Grantor such reasonable requests documents as the Grantor may make in connection therewithshall reasonably request to evidence such termination.

Appears in 1 contract

Samples: Security Agreement (Spatialight Inc)

AutoNDA by SimpleDocs

TERMINATION OF THIS SECURITY AGREEMENT. Subject to the provisions of Section 10 hereof, the Lien created by this Security Agreement shall automatically terminate upon the payment and performance in full of the Head Lessee Secured Obligations. Upon the termination of this AgreementThe Secured Party agrees that it shall, the Grantor is authorized to file such termination statements upon or other instruments it deems reasonably necessary to evidence after the termination of the security interest granted Lien created hereunder pursuant to this Security Agreement the preceding sentence, execute and deliver at the Secured Party agrees to cooperate with such reasonable requests as sole cost and expense of the Grantor such termination statements and instruments prepared by the Grantor as may make in connection therewithbe reasonably requested by the Grantor to evidence such termination.

Appears in 1 contract

Samples: Head Lessee Security Agreement (Universal Compression Inc)

TERMINATION OF THIS SECURITY AGREEMENT. Subject to Section 10 9 hereof, this Security Agreement shall automatically terminate upon the payment and performance in full of the Secured Obligations. Upon the termination of this Agreementsuch termination, the Grantor is authorized to file Secured Party shall execute such termination statements or other documents and instruments it deems reasonably necessary to evidence the termination of the security interest granted pursuant to this Security Agreement and the Secured Party agrees to cooperate with such reasonable requests hereof as the Grantor may make in connection therewithreasonably requested by Grantor.

Appears in 1 contract

Samples: Employment Agreement (Lightspan Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.